ATK and Orbital receive DOJ clearance for merger

Arlington, Virginia – Alliant Techsystems Inc. (ATK) and Orbital Sciences Corp. (Orbital) officials have announced that the U.S. Department of Justice (DOJ) has unconditionally cleared the proposed merger of ATK's Aerospace and Defense Groups with Orbital. The U.S. Federal Trade Commission (FTC) informed ATK and Orbital that the FTC and DOJ terminated the Hart-Scott-Rodino waiting period effective Dec. 4, 2014.

 

As previously announced, ATK and Orbital have entered into a transaction agreement, whereby ATK's Aerospace and Defense Groups will merge with Orbital immediately following the spin-off of ATK's Sporting Group business to ATK stockholders as a newly formed company called Vista Outdoor Inc. The companies anticipate completing the transaction in February 2015, subject to the satisfaction of remaining closing conditions, including the approval of both ATK's and Orbital's stockholders at special meetings scheduled for Jan. 27, 2015.